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Describes the bond features effect on new bond issue

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Reference no: EM132914504

Question - Describes the following bond features' effect on the new bond issue's coupon rate: Any positive covenants. Do you agree or disagree with the following statement?

Some positive covenants to consider are ones that the corporation "will do." For example, maintaining working capital higher than a specific level, offering audited financial statements often, or remaining in good standing with the bond's collateral and security.

Reference no: EM132914504

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